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Record wide gap opens in U.S. oil futures contracts

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Apr 20 '20 | By oiam2companyadmin | Views: 33 | Comments: 0

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An extreme situation has developed in the U.S. crude oil futures markets, as the current front-month May contract, due to expire Tuesday, has dropped by a whopping 36%, opening up the widest gap between it and the next contract ever, at nearly $11 a barrel.